After reading this article you will learn about the valuation of assets and liabilities a farm. Valuation of Assets: 1. Plant and Machinery: In case of agri-business activities processing is an important function for which plants and machinery are installed. The valuation of these assets should be done by an engineer who checks the cost and additions and alternations, expenditures [...]
This article throws light upon the three key aspects of a farm. The aspects are: 1. Human Aspects 2. Physical Aspects 3. Financial Aspects. 1. Human Aspects: (i) Goals of Farm Family: Scope for a change, i.e., family satisfaction and an additional business approach to achieve both family satisfaction and profit maximization. The farmer's family may not be able to [...]
This article throws light upon the five main management exercises before taking final decision on farm. The management exercises are: 1. Appraisal of Farm Resources 2. Appraisal of Land Resources 3. Appraisal of Capital Resources 4. Entrepreneurial Appraisal. Management Exercise # 1. Appraisal of Farm Resources: The basic aim on commercial farms are the minimization of cost and maximization of [...]